Bitcoin traders refuse to YOLO after BTC nearly hits $110K — Why are they waiting?
Bitcoin hit new highs on Jan. 20, but data shows traders are neutral as the market waits to see if a BTC-friendly executive order is issued by President Trump.
Bitcoin (BTC) reached an all-time high of $109,321 on Jan. 20, driven by expectations of a more crypto-friendly administration under United States President Donald Trump. The optimism stemmed from campaign promises for regulatory clarity and the appointment of pro-crypto figures to key positions.
Despite the price surge, sentiment among Bitcoin whales and market makers remained stable. According to derivatives data, there was little confidence in further gains above $110,000, at least in the short term.
Bitcoin 2-month futures annualized premium. Source: Laevitas.ch
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Author: Marcel Pechman
